Seems like the CA and north eastern states could present some problems with the cost of entry into the real estate game.

Thanks for that @Peter Bowen everyone has a different way of investing and what works for one does not for another,  I keep my properties maintained well, plan for the future when doing initial rehabs,  and use a professional manager, we also tend to charge premium rents, and allow pets, most of our tenants have stayed for many years to this point, and take pride in the home they rent from us, there are exceptions, and the rougher properties that cash flow better can come with more challenges, but the entry point limits my overall risk as generally I can pay back the initial investment in 5 years or less, they are mostly SFR's so i have a large buyer pool if I want to exit. at some point I will get board with these, and move to A-B multi, then probably NNN Commercial, my only thing with deals like yours is, with Debt I dont see how they cash flow.  

However, with there being so much space in So Cal, there are a ton of "edge of civilization" type of towns that are lower cost to entry and in 10 years' time are completely surrounded by other cities.

As far as topics are concerned, perhaps we should initially stick to entry-level issues, such as work balance, realistic expectations, motivation and accountability.  

In my quest for "Low to No Cost" with wholesaling I came across a Notice of Violation list (+51k entries yikes!!

You have a binding contract, You would need to check and see if somewhere on the application form what is mentioned about adverse or incomplete entries.

", also calling the 2 days LEGALLY required notice of entry "excessive" (I have all the texts printed out with phone records to correlate the time and phone number)-DIDNT fix the sink he withheld money from the previous tenant for damaging (we had a broken sink, my boyfriends brother had to fix it, which he approved of and knew about, but never said thank you or paid us)I was prepared for him taking our security deposit, but he is actually charging us $2500 over our deposit....He was served by the constable during our scheduled walk through, and actually walked out before we even finished the walk through, left his car on the property, and disappeared. 

My take on it is that I wouldn't gamble the entry fee to find out. 

There are good and bad wholesalers out there, but due to the low barrier to entry and large number of guru's preaching wholesaling, there are a lot of novices who haven't got the experience to make proper estimations yet.In regards to your second question, I am not an attorney, so ask yours, but your options will depend on the wholesaler and their contract.

I have just run the numbers many times and the stock market never wins, unless you can time your entry and exit or pick the right stocks.